In measuring the health of the economy, economists are most interested in which of the following?
A)nominal GDP
B)real GDP
C)growth with inflation
D)quality of people's lives

Question

Quizplus · Accepted Answer

Economists are most interested in real GDP as it measures the total value of goods and services produced in an economy, adjusted for inflation. This provides a more accurate picture of the economy's actual growth and productivity than nominal GDP, which only measures the value of goods and services without taking inflation into account. Growth with inflation is also important to consider, but real GDP is a key metric to evaluate the health of an economy. The quality of people's lives is a broader measure beyond just the economy and is not solely the focus of economists.

In Measuring the Health of the Economy, Economists Are Most